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NOYB July 12th 05 09:05 PM

OT--U.S. Budget Deficit Narrowing Quickly On Revenue Surge
 

Tuesday, July 12, 2005

U.S. Budget Deficit Narrowing Quickly On Revenue Surge
BY JED GRAHAM

INVESTOR'S BUSINESS DAILY

So much for record budget deficits. The tide of economic growth and surging
corporate and individual tax revenues are now expected to erase as much as
25% of the red ink the government was planning to expend this year.

Three-quarters of the way through fiscal 2005, the Congressional Budget
Office says the deficit will come in well shy of $350 billion and may fall
below $325 billion. The White House, which had forecast a record $427
deficit, will update its view Wednesday.

Some see the better-than-expected federal revenues as evidence that
President Bush's tax policy is working as advertised.

"This is exactly what the White House said would happen," said Heritage
Foundation budget expert Brian Riedl. "They said the tax cuts would
stimulate productivity, fuel economic growth and lead to smaller deficits."


Tax revenues through the first nine months of the fiscal year are up $204
billion, or 14.6%, from last year to $1.6 trillion, CBO estimated.

More than one-fourth of that improvement has come from corporate income tax
receipts, which are up $58 billion, or 40.8%, from a year ago.

Individual income taxes are up $105 billion, or 17.6%, from last year. The
payroll taxes that fund social insurance programs are up $34 billion, or 7%.

"It's a dramatic story," said Greg Valliere, chief political strategist at
Stanford Washington Research Group. "Whether you believe in supply-side
theory or not, supply-side-tax-cutting advocates are going to be
emboldened."

Valliere now expects the president to reach two years early his "modest"
pledge of cutting the deficit in half as a share of GDP by 2009.

Bush made the commitment during his bid for re-election at a time the White
House was projecting a deficit of 4.5% of GDP, although the 2004 deficit
ended up to be $412 billion, or 3.6% of GDP. CBO figures suggest the 2005
deficit may slip below 3% of GDP.

For an administration that had to deflect attacks about being fiscally
irresponsible in Bush's first term, the turn in the deficit is welcome news,
and the stakes couldn't be any higher. Closing the deficit is critical to
the president's goal of making his first-term tax cuts permanent and
cementing his legacy as a tax cutter.

---------------------------------------------------------------------

Well what do you know! JFK was right when he said "it is a paradoxical
truth that tax rates are too high today and tax revenues are too low - and
the soundest way to raise revenues in the long run is to cut rates now."

Bush cut the tax rate, and tax revenues increased. Supply side economics
obviously works, and the Laffer Curve is an accurate model of what happens
when taxes are decreased. Hopefully the current data will put the
naysayer's argument to rest.







[email protected] July 12th 05 09:16 PM



NOYB wrote:

Well what do you know! JFK was right when he said "it is a paradoxical
truth that tax rates are too high today and tax revenues are too low - and
the soundest way to raise revenues in the long run is to cut rates now."



I thought JFK was dead. I don't know how he would be able to comment on
the economy of 2005.


*JimH* July 12th 05 09:31 PM


wrote in message
oups.com...


NOYB wrote:

Well what do you know! JFK was right when he said "it is a paradoxical
truth that tax rates are too high today and tax revenues are too low -
and
the soundest way to raise revenues in the long run is to cut rates now."



I thought JFK was dead. I don't know how he would be able to comment on
the economy of 2005.


You really are an idiot Kevin......and you prove it here daily.



P. Fritz July 12th 05 09:39 PM


"*JimH*" wrote in message
...

wrote in message
oups.com...


NOYB wrote:

Well what do you know! JFK was right when he said "it is a paradoxical
truth that tax rates are too high today and tax revenues are too low -
and
the soundest way to raise revenues in the long run is to cut rates

now."


I thought JFK was dead. I don't know how he would be able to comment on
the economy of 2005.


You really are an idiot Kevin......and you prove it here daily.


Kevin is about due for another bitch slapping.






NOYB July 12th 05 10:02 PM


wrote in message
oups.com...


NOYB wrote:

Well what do you know! JFK was right when he said "it is a paradoxical
truth that tax rates are too high today and tax revenues are too low -
and
the soundest way to raise revenues in the long run is to cut rates now."



I thought JFK was dead. I don't know how he would be able to comment on
the economy of 2005.



shakes head in disbelief



P. Fritz July 12th 05 10:05 PM


"NOYB" wrote in message
link.net...

wrote in message
oups.com...


NOYB wrote:

Well what do you know! JFK was right when he said "it is a paradoxical
truth that tax rates are too high today and tax revenues are too low -
and
the soundest way to raise revenues in the long run is to cut rates

now."


I thought JFK was dead. I don't know how he would be able to comment on
the economy of 2005.



shakes head in disbelief


Disbelief? You should come to expect that out of our resident "King"






John H. July 12th 05 10:17 PM

On Tue, 12 Jul 2005 16:40:47 -0400, HarryKrause wrote:

P. Fritz wrote:
"*JimH*" wrote in message
...
wrote in message
oups.com...

NOYB wrote:

Well what do you know! JFK was right when he said "it is a paradoxical
truth that tax rates are too high today and tax revenues are too low -
and
the soundest way to raise revenues in the long run is to cut rates

now."

I thought JFK was dead. I don't know how he would be able to comment on
the economy of 2005.

You really are an idiot Kevin......and you prove it here daily.


Kevin is about due for another bitch slapping.



I'll bet that's what you do best, Fritz. Is that why you are single?


Is that what happened to your first two, Harry?

--
John H.
On the 'PocoLoco' out of Deale, MD

NOYB July 12th 05 10:17 PM


"P. Fritz" wrote in message
...

"NOYB" wrote in message
link.net...

wrote in message
oups.com...


NOYB wrote:

Well what do you know! JFK was right when he said "it is a
paradoxical
truth that tax rates are too high today and tax revenues are too low -
and
the soundest way to raise revenues in the long run is to cut rates

now."


I thought JFK was dead. I don't know how he would be able to comment on
the economy of 2005.



shakes head in disbelief


Disbelief? You should come to expect that out of our resident "King"


" Only two things are infinite, the universe and human stupidity, and I'm
not sure about the former. "--Albert Einstein





P. Fritz July 12th 05 10:26 PM


"John H." wrote in message
...
On Tue, 12 Jul 2005 16:40:47 -0400, HarryKrause

wrote:

P. Fritz wrote:
"*JimH*" wrote in message
...
wrote in message
oups.com...

NOYB wrote:

Well what do you know! JFK was right when he said "it is a

paradoxical
truth that tax rates are too high today and tax revenues are too

low -
and
the soundest way to raise revenues in the long run is to cut rates
now."

I thought JFK was dead. I don't know how he would be able to comment

on
the economy of 2005.

You really are an idiot Kevin......and you prove it here daily.


Kevin is about due for another bitch slapping.



I'll bet that's what you do best, Fritz. Is that why you are single?


Is that what happened to your first two, Harry?


Harry has to be married to feel his life has meaning.....and then feels
compelled to lie about her education to boost his own pathetic existence.


--
John H.
On the 'PocoLoco' out of Deale, MD




John Gaquin July 12th 05 11:34 PM


wrote in message


I thought JFK was dead. I don't know how he ......


Not at all, bassy. He's alive and well and living with Elvis in a condo
just south of Newnan.



John Gaquin July 12th 05 11:35 PM


"ObiWan Kenobi" wrote in message

Ever dollar spent by government, whether under a budget deficit or a
balanced budget, is a dollar that's unavailable to the person who earned
it.


Simple solution----- abolish government.



John Gaquin July 12th 05 11:42 PM


"NOYB" wrote in message news:WnVAe.21884

INVESTOR'S BUSINESS DAILY

..... The tide of economic growth ...... now expected to erase as much as
25% of the red ink



Well what do you know! JFK was right when he said ".....the soundest way
to raise revenues in the long run is to cut rates now."

Bush cut the tax rate, and tax revenues increased. Supply side economics
obviously works,


It worked for the country under Kennedy, it worked for the country under
Reagan, and now it is working once again for the country under Bush. Only
two categories fail to see it -- the obtuse, and those who need to retain
high taxes and a complicated tax code for punative nd social engineering
purposes.



DSK July 13th 05 12:00 AM

Bush cut the tax rate, and tax revenues increased. Supply side economics
obviously works,



Ever heard the old saying, 'Don't count your chickens before they're
hatched'? If it does happen, it'll be good news... not necessarily proof
that supply side economics works, but merely proof that the huge
increase in gov't expenditure under the Bush Administration *has*
returned some $$ to the overall economy, after all.


John Gaquin wrote:
It worked for the country under Kennedy


Maybe.

... it worked for the country under
Reagan,


Actually, it *didn't* work under Reagan. Reagan left the country with a
much bigger debt. However, he did grow the economy by increasing
expenditure... hmmm now where have we seen that before...


.. and now it is working once again for the country under Bush.


No, it is *projected* that the deficit *might* not be as big as once
thought.

That's like proclaiming the good news that your doctor told you, you
only have cancer on one side....


... Only
two categories fail to see it -- the obtuse, and those who need to retain
high taxes and a complicated tax code for punative nd social engineering
purposes.



Or those who are not quite convinced that Bush The Almighty is
infallible & perfect, and have a smattering of acquaintance with the
actual facts.

DSK


[email protected] July 13th 05 01:45 AM



NOYB wrote:
Tuesday, July 12, 2005

U.S. Budget Deficit Narrowing Quickly On Revenue Surge
BY JED GRAHAM

INVESTOR'S BUSINESS DAILY

So much for record budget deficits. The tide of economic growth and surging
corporate and individual tax revenues are now expected to erase as much as
25% of the red ink the government was planning to expend this year.

Three-quarters of the way through fiscal 2005, the Congressional Budget
Office says the deficit will come in well shy of $350 billion and may fall
below $325 billion. The White House, which had forecast a record $427
deficit, will update its view Wednesday.

Some see the better-than-expected federal revenues as evidence that
President Bush's tax policy is working as advertised.

"This is exactly what the White House said would happen," said Heritage
Foundation budget expert Brian Riedl. "They said the tax cuts would
stimulate productivity, fuel economic growth and lead to smaller deficits."


Tax revenues through the first nine months of the fiscal year are up $204
billion, or 14.6%, from last year to $1.6 trillion, CBO estimated.

More than one-fourth of that improvement has come from corporate income tax
receipts, which are up $58 billion, or 40.8%, from a year ago.

Individual income taxes are up $105 billion, or 17.6%, from last year. The
payroll taxes that fund social insurance programs are up $34 billion, or 7%.

"It's a dramatic story," said Greg Valliere, chief political strategist at
Stanford Washington Research Group. "Whether you believe in supply-side
theory or not, supply-side-tax-cutting advocates are going to be
emboldened."

Valliere now expects the president to reach two years early his "modest"
pledge of cutting the deficit in half as a share of GDP by 2009.

Bush made the commitment during his bid for re-election at a time the White
House was projecting a deficit of 4.5% of GDP, although the 2004 deficit
ended up to be $412 billion, or 3.6% of GDP. CBO figures suggest the 2005
deficit may slip below 3% of GDP.

For an administration that had to deflect attacks about being fiscally
irresponsible in Bush's first term, the turn in the deficit is welcome news,
and the stakes couldn't be any higher. Closing the deficit is critical to
the president's goal of making his first-term tax cuts permanent and
cementing his legacy as a tax cutter.

---------------------------------------------------------------------

Well what do you know! JFK was right when he said "it is a paradoxical
truth that tax rates are too high today and tax revenues are too low - and
the soundest way to raise revenues in the long run is to cut rates now."

Bush cut the tax rate, and tax revenues increased. Supply side economics
obviously works, and the Laffer Curve is an accurate model of what happens
when taxes are decreased. Hopefully the current data will put the
naysayer's argument to rest.




Doctor to patient: Remember last month when we told you that tests
revealed you had diabetes, AIDS, throat cancer, lung cancer, brain
cancer, colon cancer, high blood pressure, heart disease, swollen
tonsils and the mumps?

Patient, (glumly): How could I ever forget that?

Doctor: Well, I've got some good news for you! Your tonsils are no
longer inflammed, and we think you are recovering from the mumps.

Patient: Hallelujah! I'm well!


You guys want to cut the federal budget deficit? Stop spending money
like a bunch of drunks. That's far more direct than wondering whether
or not the tax cuts might stimulate the economy enough to begin
covering some of the bad checks the Repub-majority congress are writing
and the Repub prez is signing.


NOYB July 13th 05 01:56 AM


"DSK" wrote in message
...
Bush cut the tax rate, and tax revenues increased. Supply side economics
obviously works,



Ever heard the old saying, 'Don't count your chickens before they're
hatched'? If it does happen, it'll be good news... not necessarily proof
that supply side economics works, but merely proof that the huge increase
in gov't expenditure under the Bush Administration *has* returned some $$
to the overall economy, after all.


John Gaquin wrote:
It worked for the country under Kennedy


Maybe.

... it worked for the country under Reagan,


Actually, it *didn't* work under Reagan. Reagan left the country with a
much bigger debt. However, he did grow the economy by increasing
expenditure... hmmm now where have we seen that before...


.. and now it is working once again for the country under Bush.


No, it is *projected* that the deficit *might* not be as big as once
thought.

That's like proclaiming the good news that your doctor told you, you only
have cancer on one side....



That *is* good news. Once it crosses the midline, the prognosis becomes
extremely bleak.





NOYB July 13th 05 01:58 AM


wrote in message
oups.com...


NOYB wrote:
Tuesday, July 12, 2005

U.S. Budget Deficit Narrowing Quickly On Revenue Surge
BY JED GRAHAM

INVESTOR'S BUSINESS DAILY

So much for record budget deficits. The tide of economic growth and
surging
corporate and individual tax revenues are now expected to erase as much
as
25% of the red ink the government was planning to expend this year.

Three-quarters of the way through fiscal 2005, the Congressional Budget
Office says the deficit will come in well shy of $350 billion and may
fall
below $325 billion. The White House, which had forecast a record $427
deficit, will update its view Wednesday.

Some see the better-than-expected federal revenues as evidence that
President Bush's tax policy is working as advertised.

"This is exactly what the White House said would happen," said Heritage
Foundation budget expert Brian Riedl. "They said the tax cuts would
stimulate productivity, fuel economic growth and lead to smaller
deficits."


Tax revenues through the first nine months of the fiscal year are up $204
billion, or 14.6%, from last year to $1.6 trillion, CBO estimated.

More than one-fourth of that improvement has come from corporate income
tax
receipts, which are up $58 billion, or 40.8%, from a year ago.

Individual income taxes are up $105 billion, or 17.6%, from last year.
The
payroll taxes that fund social insurance programs are up $34 billion, or
7%.

"It's a dramatic story," said Greg Valliere, chief political strategist
at
Stanford Washington Research Group. "Whether you believe in supply-side
theory or not, supply-side-tax-cutting advocates are going to be
emboldened."

Valliere now expects the president to reach two years early his "modest"
pledge of cutting the deficit in half as a share of GDP by 2009.

Bush made the commitment during his bid for re-election at a time the
White
House was projecting a deficit of 4.5% of GDP, although the 2004 deficit
ended up to be $412 billion, or 3.6% of GDP. CBO figures suggest the 2005
deficit may slip below 3% of GDP.

For an administration that had to deflect attacks about being fiscally
irresponsible in Bush's first term, the turn in the deficit is welcome
news,
and the stakes couldn't be any higher. Closing the deficit is critical to
the president's goal of making his first-term tax cuts permanent and
cementing his legacy as a tax cutter.

---------------------------------------------------------------------

Well what do you know! JFK was right when he said "it is a paradoxical
truth that tax rates are too high today and tax revenues are too low -
and
the soundest way to raise revenues in the long run is to cut rates now."

Bush cut the tax rate, and tax revenues increased. Supply side economics
obviously works, and the Laffer Curve is an accurate model of what
happens
when taxes are decreased. Hopefully the current data will put the
naysayer's argument to rest.




Doctor to patient: Remember last month when we told you that tests
revealed you had diabetes, AIDS, throat cancer, lung cancer, brain
cancer, colon cancer, high blood pressure, heart disease, swollen
tonsils and the mumps?

Patient, (glumly): How could I ever forget that?

Doctor: Well, I've got some good news for you! Your tonsils are no
longer inflammed, and we think you are recovering from the mumps.

Patient: Hallelujah! I'm well!


You guys want to cut the federal budget deficit? Stop spending money
like a bunch of drunks. That's far more direct than wondering whether
or not the tax cuts might stimulate the economy enough to begin
covering some of the bad checks the Repub-majority congress are writing
and the Repub prez is signing.


The increased spending is almost completely due to the war. Aside from
that, discretionary spending is virtually no different under Bush than under
most of the other administrations that preceded him.



John Gaquin July 13th 05 02:19 AM


wrote in message

You guys want to cut the federal budget deficit? Stop spending money
like a bunch of drunks.


Now there's a bit of irony! I recall thirty-odd years of responsible folk
of all stripes making the same suggestion to one Dem-controlled Congress
after another, only to be brushed off with some condescending patter about
meaningful and necessary social programs.

Now the foe is on the other shoot.



Tim July 13th 05 02:42 AM

Let's pray the United States survives the rest of Bush's term..."

Oh Mr. Krause, I'm sure we will.

BTW, congrats to whom ever won the Canon SLR Flash drawing. CHEERS!


P. Fritz July 13th 05 02:50 AM


"NOYB" wrote in message
...

"DSK" wrote in message
...
Bush cut the tax rate, and tax revenues increased. Supply side

economics
obviously works,


Ever heard the old saying, 'Don't count your chickens before they're
hatched'? If it does happen, it'll be good news... not necessarily

proof
that supply side economics works, but merely proof that the huge

increase
in gov't expenditure under the Bush Administration *has* returned some

$$
to the overall economy, after all.


John Gaquin wrote:
It worked for the country under Kennedy


Maybe.

... it worked for the country under Reagan,


Actually, it *didn't* work under Reagan. Reagan left the country with a
much bigger debt. However, he did grow the economy by increasing
expenditure... hmmm now where have we seen that before...


.. and now it is working once again for the country under Bush.


No, it is *projected* that the deficit *might* not be as big as once
thought.

That's like proclaiming the good news that your doctor told you, you

only
have cancer on one side....



That *is* good news. Once it crosses the midline, the prognosis becomes
extremely bleak.



Another reason the liebrals are doomed to failure.........increased
guvmint spending grew the economy BWAHAHAHAHAHAHHAHAHAHAHAHAHA







[email protected] July 13th 05 03:47 AM



NOYB wrote:
wrote in message
oups.com...


NOYB wrote:
Tuesday, July 12, 2005

U.S. Budget Deficit Narrowing Quickly On Revenue Surge
BY JED GRAHAM

INVESTOR'S BUSINESS DAILY

So much for record budget deficits. The tide of economic growth and
surging
corporate and individual tax revenues are now expected to erase as much
as
25% of the red ink the government was planning to expend this year.

Three-quarters of the way through fiscal 2005, the Congressional Budget
Office says the deficit will come in well shy of $350 billion and may
fall
below $325 billion. The White House, which had forecast a record $427
deficit, will update its view Wednesday.

Some see the better-than-expected federal revenues as evidence that
President Bush's tax policy is working as advertised.

"This is exactly what the White House said would happen," said Heritage
Foundation budget expert Brian Riedl. "They said the tax cuts would
stimulate productivity, fuel economic growth and lead to smaller
deficits."


Tax revenues through the first nine months of the fiscal year are up $204
billion, or 14.6%, from last year to $1.6 trillion, CBO estimated.

More than one-fourth of that improvement has come from corporate income
tax
receipts, which are up $58 billion, or 40.8%, from a year ago.

Individual income taxes are up $105 billion, or 17.6%, from last year.
The
payroll taxes that fund social insurance programs are up $34 billion, or
7%.

"It's a dramatic story," said Greg Valliere, chief political strategist
at
Stanford Washington Research Group. "Whether you believe in supply-side
theory or not, supply-side-tax-cutting advocates are going to be
emboldened."

Valliere now expects the president to reach two years early his "modest"
pledge of cutting the deficit in half as a share of GDP by 2009.

Bush made the commitment during his bid for re-election at a time the
White
House was projecting a deficit of 4.5% of GDP, although the 2004 deficit
ended up to be $412 billion, or 3.6% of GDP. CBO figures suggest the 2005
deficit may slip below 3% of GDP.

For an administration that had to deflect attacks about being fiscally
irresponsible in Bush's first term, the turn in the deficit is welcome
news,
and the stakes couldn't be any higher. Closing the deficit is critical to
the president's goal of making his first-term tax cuts permanent and
cementing his legacy as a tax cutter.

---------------------------------------------------------------------

Well what do you know! JFK was right when he said "it is a paradoxical
truth that tax rates are too high today and tax revenues are too low -
and
the soundest way to raise revenues in the long run is to cut rates now."

Bush cut the tax rate, and tax revenues increased. Supply side economics
obviously works, and the Laffer Curve is an accurate model of what
happens
when taxes are decreased. Hopefully the current data will put the
naysayer's argument to rest.




Doctor to patient: Remember last month when we told you that tests
revealed you had diabetes, AIDS, throat cancer, lung cancer, brain
cancer, colon cancer, high blood pressure, heart disease, swollen
tonsils and the mumps?

Patient, (glumly): How could I ever forget that?

Doctor: Well, I've got some good news for you! Your tonsils are no
longer inflammed, and we think you are recovering from the mumps.

Patient: Hallelujah! I'm well!


You guys want to cut the federal budget deficit? Stop spending money
like a bunch of drunks. That's far more direct than wondering whether
or not the tax cuts might stimulate the economy enough to begin
covering some of the bad checks the Repub-majority congress are writing
and the Repub prez is signing.


The increased spending is almost completely due to the war. Aside from
that, discretionary spending is virtually no different under Bush than under
most of the other administrations that preceded him.


"The increased spending is almost completely due to the war."

Yeah, no schidt. Avoiding for the moment any question about whether we
would have had a war in the first place if certain parties hadn't
insisted on it........

During wartime, you cut back on other expenses. Wars cost real money,
in addition to precious and irreplaceable human lives. To adopt a
policy of fighting the war "off the books" and spending as if it were
peace time on everything else, cutting taxes and revving up govt.
spending everywhere in sight
(except social and environmental programs), is goofy accounting by any
standard.

While you break your arm patting your party on the back. consider that
since the
Iraq war is being fought "off budget", why does anybody believe the
expenditures are even reflected in the current *budget* deficit?


thunder July 13th 05 11:53 AM

On Tue, 12 Jul 2005 21:19:34 -0400, John Gaquin wrote:


wrote in message

You guys want to cut the federal budget deficit? Stop spending money
like a bunch of drunks.


Now there's a bit of irony! I recall thirty-odd years of responsible
folk of all stripes making the same suggestion to one Dem-controlled
Congress after another, only to be brushed off with some condescending
patter about meaningful and necessary social programs.

Now the foe is on the other shoot.


That's a myth.

http://zfacts.com/p/318.html


DSK July 13th 05 11:57 AM

P. Fritz wrote:
Another reason the liebrals are doomed to failure.........increased
guvmint spending grew the economy BWAHAHAHAHAHAHHAHAHAHAHAHAHA


Oh, yeah, I forgot... any money spent by the gov't disappears...
evaporates... is gone gone gone... money spent by the gov't does not pay
wages, does not buy goods or services, and once spent, the money is not
in other people's pockets to spend again on further wages, goods,
services... my bad.

DSK


John H. July 13th 05 01:33 PM

On 12 Jul 2005 17:45:58 -0700, " wrote:



NOYB wrote:
Tuesday, July 12, 2005

U.S. Budget Deficit Narrowing Quickly On Revenue Surge
BY JED GRAHAM

INVESTOR'S BUSINESS DAILY

So much for record budget deficits. The tide of economic growth and surging
corporate and individual tax revenues are now expected to erase as much as
25% of the red ink the government was planning to expend this year.

Three-quarters of the way through fiscal 2005, the Congressional Budget
Office says the deficit will come in well shy of $350 billion and may fall
below $325 billion. The White House, which had forecast a record $427
deficit, will update its view Wednesday.

Some see the better-than-expected federal revenues as evidence that
President Bush's tax policy is working as advertised.

"This is exactly what the White House said would happen," said Heritage
Foundation budget expert Brian Riedl. "They said the tax cuts would
stimulate productivity, fuel economic growth and lead to smaller deficits."


Tax revenues through the first nine months of the fiscal year are up $204
billion, or 14.6%, from last year to $1.6 trillion, CBO estimated.

More than one-fourth of that improvement has come from corporate income tax
receipts, which are up $58 billion, or 40.8%, from a year ago.

Individual income taxes are up $105 billion, or 17.6%, from last year. The
payroll taxes that fund social insurance programs are up $34 billion, or 7%.

"It's a dramatic story," said Greg Valliere, chief political strategist at
Stanford Washington Research Group. "Whether you believe in supply-side
theory or not, supply-side-tax-cutting advocates are going to be
emboldened."

Valliere now expects the president to reach two years early his "modest"
pledge of cutting the deficit in half as a share of GDP by 2009.

Bush made the commitment during his bid for re-election at a time the White
House was projecting a deficit of 4.5% of GDP, although the 2004 deficit
ended up to be $412 billion, or 3.6% of GDP. CBO figures suggest the 2005
deficit may slip below 3% of GDP.

For an administration that had to deflect attacks about being fiscally
irresponsible in Bush's first term, the turn in the deficit is welcome news,
and the stakes couldn't be any higher. Closing the deficit is critical to
the president's goal of making his first-term tax cuts permanent and
cementing his legacy as a tax cutter.

---------------------------------------------------------------------

Well what do you know! JFK was right when he said "it is a paradoxical
truth that tax rates are too high today and tax revenues are too low - and
the soundest way to raise revenues in the long run is to cut rates now."

Bush cut the tax rate, and tax revenues increased. Supply side economics
obviously works, and the Laffer Curve is an accurate model of what happens
when taxes are decreased. Hopefully the current data will put the
naysayer's argument to rest.




Doctor to patient: Remember last month when we told you that tests
revealed you had diabetes, AIDS, throat cancer, lung cancer, brain
cancer, colon cancer, high blood pressure, heart disease, swollen
tonsils and the mumps?

Patient, (glumly): How could I ever forget that?

Doctor: Well, I've got some good news for you! Your tonsils are no
longer inflammed, and we think you are recovering from the mumps.

Patient: Hallelujah! I'm well!


You guys want to cut the federal budget deficit? Stop spending money
like a bunch of drunks. That's far more direct than wondering whether
or not the tax cuts might stimulate the economy enough to begin
covering some of the bad checks the Repub-majority congress are writing
and the Repub prez is signing.


Wow, nice spin Chuck! I was wondering how y'all would turn that into a negative.

--
John H.
On the 'PocoLoco' out of Deale, MD

DSK July 13th 05 01:43 PM

John H. wrote:
Wow, nice spin Chuck! I was wondering how y'all would turn that into a negative.


Let's see now, what's happened he

The huge projected deficit might not be as huge as once thought.
The Bush/Cheney Cheerleaders have proclaimed that this is wonderful,
fantastic news, all is rosy forever, and it *PROVES* that President
Bush's economic policy (ie cut taxes, jack spending way way up) WORKS
(just like it worked for Reagan, which it actually didn't).

Others point out the fact that 1- the possibly decreased deficit is
still huge, and that's bad... 2- it hasn't happened yet, nobody knows
for sure if the deficit will be less than projected.

You then accuse us of being negative.

Golly gee, JohnH, if the facts are 'negative' then doesn't that say
something about your anointed leader's policies right there?

DSK


Charles July 13th 05 02:19 PM

John H. wrote:
On Tue, 12 Jul 2005 16:40:47 -0400, HarryKrause wrote:


P. Fritz wrote:

Kevin is about due for another bitch slapping.



I'll bet that's what you do best, Fritz. Is that why you are single?



Is that what happened to your first two, Harry?


One. And several children who are estranged from him because of the way
he treated their mother.

But shhhhh. This is the part of his life krause **never** talks about in
all his gratuitous spewing of personal information.

Krause is a typical insecure individual. His sense of self-worth and
security is derived from the things he owns, important people he has
seen or met, obsequious people, and the denigration of all others.

Given the right circumstances, he'd turn into a pitiful blubbering mess.

-- Charlie

Real Name July 13th 05 05:58 PM

Harry,
Why did you feel it was necessary to lie about your degree from Yale and
your wife's MD degree?


"HarryKrause" wrote in message
...
P. Fritz wrote:
"John H." wrote in message
...
On Tue, 12 Jul 2005 16:40:47 -0400, HarryKrause

wrote:
P. Fritz wrote:
"*JimH*" wrote in message
...
wrote in message
oups.com...
NOYB wrote:

Well what do you know! JFK was right when he said "it is a

paradoxical
truth that tax rates are too high today and tax revenues are too

low -
and
the soundest way to raise revenues in the long run is to cut rates
now."
I thought JFK was dead. I don't know how he would be able to comment

on
the economy of 2005.

You really are an idiot Kevin......and you prove it here daily.

Kevin is about due for another bitch slapping.


I'll bet that's what you do best, Fritz. Is that why you are single?
Is that what happened to your first two, Harry?


Harry has to be married to feel his life has meaning.....and then feels
compelled to lie about her education to boost his own pathetic existence.



That's how you rationalize your hatred of women? Pathetic. So, was it your
drinking or your bitch slapping or both that got you divorced?




--
Let's pray the United States survives the rest of Bush's term.




P. Fritz July 13th 05 07:00 PM


"Real Name" wrote in message
...
Harry,
Why did you feel it was necessary to lie about your degree from Yale and
your wife's MD degree?


Harry is projecting again..............typical.




"HarryKrause" wrote in message
...
P. Fritz wrote:
"John H." wrote in message
...
On Tue, 12 Jul 2005 16:40:47 -0400, HarryKrause


wrote:
P. Fritz wrote:
"*JimH*" wrote in message
...
wrote in message
oups.com...
NOYB wrote:

Well what do you know! JFK was right when he said "it is a
paradoxical
truth that tax rates are too high today and tax revenues are too
low -
and
the soundest way to raise revenues in the long run is to cut

rates
now."
I thought JFK was dead. I don't know how he would be able to

comment
on
the economy of 2005.

You really are an idiot Kevin......and you prove it here daily.

Kevin is about due for another bitch slapping.


I'll bet that's what you do best, Fritz. Is that why you are single?
Is that what happened to your first two, Harry?

Harry has to be married to feel his life has meaning.....and then feels
compelled to lie about her education to boost his own pathetic

existence.


That's how you rationalize your hatred of women? Pathetic. So, was it

your
drinking or your bitch slapping or both that got you divorced?




--
Let's pray the United States survives the rest of Bush's term.






[email protected] July 13th 05 07:30 PM



P. Fritz wrote:
"*JimH*" wrote in message
...

wrote in message
oups.com...


NOYB wrote:

Well what do you know! JFK was right when he said "it is a paradoxical
truth that tax rates are too high today and tax revenues are too low -
and
the soundest way to raise revenues in the long run is to cut rates

now."


I thought JFK was dead. I don't know how he would be able to comment on
the economy of 2005.


You really are an idiot Kevin......and you prove it here daily.


Kevin is about due for another bitch slapping.

It wouldn't be from a little pussy boy like you.


[email protected] July 13th 05 07:38 PM



*JimH* wrote:
wrote in message
oups.com...


NOYB wrote:

Well what do you know! JFK was right when he said "it is a paradoxical
truth that tax rates are too high today and tax revenues are too low -
and
the soundest way to raise revenues in the long run is to cut rates now."



I thought JFK was dead. I don't know how he would be able to comment on
the economy of 2005.


You really are an idiot Kevin......and you prove it here daily.


So.....you think that it's prudent to apply what someone said about the
economy 40+ years ago concerning the economy? The economy of the U.S.
is nothing like it was then. Foreign trade, for one. Massive BushCo
debt for another. Hell, let's just use some FDR quotes to live by!

A conservative is a man with two perfectly good legs who, however, has
never learned how to walk forward."

Theres one that I think still applies.

"A nation that destroys it's soils destroys itself. Forests are the
lungs of our land, purifying the air and giving fresh strength to our
people."

That one still works.

"I ask you to judge me by the enemies I have made."

It would be nice to do that with Bush!!

"If civilization is to survive, we must cultivate the science of human
relationships - the ability of all peoples, of all kinds, to live
together, in the same world at peace."

Uh, oh, THAT isn't something Bush and his followers want to hear!

"It is common sense to take a method and try it. If it fails, admit it
frankly and try another. But above all, try something."

Another thing Bush can't do.

"Let us never forget that government is ourselves and not an alien
power over us. The ultimate rulers of our democracy are not a President
and senators and congressmen and government officials, but the voters
of this country."

Unless you're Bush.....

"The test of our progress is not whether we add more to the abundance
of those who have much it is whether we provide enough for those who
have little."

Uh, oh, Bush and lemmings don't want to hear THAT!

"True individual freedom cannot exist without economic security and
independence. People who are hungry and out of a job are the stuff of
which dictatorships are made."

Hmm, BushCo THINKS they are dictators!


[email protected] July 13th 05 07:40 PM



Tim wrote:

BTW, congrats to whom ever won the Canon SLR Flash drawing. CHEERS!


Maybe a raptor (you know, a bird of prey) got it. Oh, forgot, you don't
know what they are.....sorry.


John H. July 13th 05 08:37 PM

On Wed, 13 Jul 2005 08:43:49 -0400, DSK wrote:

John H. wrote:
Wow, nice spin Chuck! I was wondering how y'all would turn that into a negative.


Let's see now, what's happened he

The huge projected deficit might not be as huge as once thought.
The Bush/Cheney Cheerleaders have proclaimed that this is wonderful,
fantastic news, all is rosy forever, and it *PROVES* that President
Bush's economic policy (ie cut taxes, jack spending way way up) WORKS
(just like it worked for Reagan, which it actually didn't).

Others point out the fact that 1- the possibly decreased deficit is
still huge, and that's bad... 2- it hasn't happened yet, nobody knows
for sure if the deficit will be less than projected.

You then accuse us of being negative.

Golly gee, JohnH, if the facts are 'negative' then doesn't that say
something about your anointed leader's policies right there?

DSK


So the news was really *bad* news? Suppose the deficit evaporated overnight.
Would that be *really* bad news?

--
John H.
On the 'PocoLoco' out of Deale, MD

John H. July 13th 05 08:38 PM

On Wed, 13 Jul 2005 14:19:37 -0400, HarryKrause wrote:

P. Fritz wrote:

Would Viagra had saved your marriage, Fritz...or did tbe booze do it in?


Which ruined yours, Harry. Which drove your kids away?

--
John H.
On the 'PocoLoco' out of Deale, MD

John H. July 13th 05 08:38 PM

On Wed, 13 Jul 2005 14:36:23 -0400, HarryKrause wrote:

wrote:

P. Fritz wrote:
"*JimH*" wrote in message
...
wrote in message
oups.com...

NOYB wrote:

Well what do you know! JFK was right when he said "it is a paradoxical
truth that tax rates are too high today and tax revenues are too low -
and
the soundest way to raise revenues in the long run is to cut rates
now."

I thought JFK was dead. I don't know how he would be able to comment on
the economy of 2005.

You really are an idiot Kevin......and you prove it here daily.

Kevin is about due for another bitch slapping.

It wouldn't be from a little pussy boy like you.



Fritz wants to treat you the way he treated his ex-wife.


Did you do that to your ex-wife, Harry?

--
John H.
On the 'PocoLoco' out of Deale, MD

P. Fritz July 13th 05 09:06 PM


"John H." wrote in message
...
On Wed, 13 Jul 2005 14:19:37 -0400, HarryKrause

wrote:

P. Fritz wrote:

Would Viagra had saved your marriage, Fritz...or did tbe booze do it in?


Which ruined yours, Harry. Which drove your kids away?

--
John H.
On the 'PocoLoco' out of Deale, MD


You know, it is comical seeing harry follow kevin's footsteps........kevin
tried the same lame tactic and it had the same effect ................zilch


Poor pathetic harry, needs a wife to feel validated. Liebrals are
sooooooooooo predictable



P. Fritz July 13th 05 09:10 PM


"John H." wrote in message
...
On Wed, 13 Jul 2005 14:36:23 -0400, HarryKrause

wrote:

wrote:

P. Fritz wrote:
"*JimH*" wrote in message
...
wrote in message
oups.com...

NOYB wrote:

Well what do you know! JFK was right when he said "it is a

paradoxical
truth that tax rates are too high today and tax revenues are too

low -
and
the soundest way to raise revenues in the long run is to cut rates
now."

I thought JFK was dead. I don't know how he would be able to comment

on
the economy of 2005.

You really are an idiot Kevin......and you prove it here daily.

Kevin is about due for another bitch slapping.

It wouldn't be from a little pussy boy like you.



Fritz wants to treat you the way he treated his ex-wife.


Did you do that to your ex-wife, Harry?


poor harry, what a sad sack to have to troll a boating NG for attention.



--
John H.
On the 'PocoLoco' out of Deale, MD




Real Name July 13th 05 09:53 PM

The reason it hits home with Kevin and Harry is because it "hits home".
They are both boozer and losers who have to lie in rec.boats to boost their
feeble egos. Harry said he graduated from Yale, Kevin immediately has to
have graduated from UPenn.

Two pees in a pod.


"P. Fritz" wrote in message
...

"John H." wrote in message
...
On Wed, 13 Jul 2005 14:19:37 -0400, HarryKrause

wrote:

P. Fritz wrote:

Would Viagra had saved your marriage, Fritz...or did tbe booze do it in?


Which ruined yours, Harry. Which drove your kids away?

--
John H.
On the 'PocoLoco' out of Deale, MD


You know, it is comical seeing harry follow kevin's footsteps........kevin
tried the same lame tactic and it had the same effect
................zilch


Poor pathetic harry, needs a wife to feel validated. Liebrals are
sooooooooooo predictable





P. Fritz July 13th 05 10:00 PM


"Real Name" wrote in message
...
The reason it hits home with Kevin and Harry is because it "hits home".
They are both boozer and losers who have to lie in rec.boats to boost

their
feeble egos. Harry said he graduated from Yale, Kevin immediately has to
have graduated from UPenn.


I thought it was Penn Tech, home of the nittnany jackets.....or would it
be the yellow lions?

The "Yale" harry attended http://www.yale.k12.mi.us/yes/



Two pees in a pod.


"P. Fritz" wrote in message
...

"John H." wrote in message
...
On Wed, 13 Jul 2005 14:19:37 -0400, HarryKrause


wrote:

P. Fritz wrote:

Would Viagra had saved your marriage, Fritz...or did tbe booze do it

in?

Which ruined yours, Harry. Which drove your kids away?

--
John H.
On the 'PocoLoco' out of Deale, MD


You know, it is comical seeing harry follow kevin's

footsteps........kevin
tried the same lame tactic and it had the same effect
................zilch


Poor pathetic harry, needs a wife to feel validated. Liebrals are
sooooooooooo predictable







Real Name July 13th 05 10:01 PM

Harry,
Help me out, what was the deal with your wife's picture? You posted someone
else's picture and said it was your wife. Someone from rec.boats meet you
and your wife and said, hey that isn't the person in your picture. You
immediately pulled your wife's picture from the web site. I wish I could
remember the details, but I am sure you do.


"HarryKrause" wrote in message
...
Real Name wrote:
The reason it hits home with Kevin and Harry


Bite me.

--
Let's pray the United States survives the rest of Bush's term.




Real Name July 13th 05 10:02 PM

Harry,
When you were younger what hard drugs did you use?


"HarryKrause" wrote in message
...
Real Name wrote:
The reason it hits home with Kevin and Harry


Bite me.

--
Let's pray the United States survives the rest of Bush's term.




Real Name July 13th 05 10:03 PM

That might be the one. I do believe he is from the New Haven area.


"P. Fritz" wrote in message
...

"Real Name" wrote in message
...
The reason it hits home with Kevin and Harry is because it "hits home".
They are both boozer and losers who have to lie in rec.boats to boost

their
feeble egos. Harry said he graduated from Yale, Kevin immediately has to
have graduated from UPenn.


I thought it was Penn Tech, home of the nittnany jackets.....or would it
be the yellow lions?

The "Yale" harry attended http://www.yale.k12.mi.us/yes/



Two pees in a pod.


"P. Fritz" wrote in message
...

"John H." wrote in message
...
On Wed, 13 Jul 2005 14:19:37 -0400, HarryKrause


wrote:

P. Fritz wrote:

Would Viagra had saved your marriage, Fritz...or did tbe booze do it

in?

Which ruined yours, Harry. Which drove your kids away?

--
John H.
On the 'PocoLoco' out of Deale, MD

You know, it is comical seeing harry follow kevin's

footsteps........kevin
tried the same lame tactic and it had the same effect
................zilch


Poor pathetic harry, needs a wife to feel validated. Liebrals are
sooooooooooo predictable










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